We are still a bit bearish on Treasuries. The economy is doing well.

256

We see investors coming in to cover short positions. For some, these are attractive levels to get in.

152

Treasuries are expensive at these levels given that the Fed is still going to raise interest rates. The Fed is still worried about inflation.

144

A 10-year yield near 5 percent offers value. Yields have risen quite quickly over the past few weeks.

130

I am still a little bit bearish. The market thinks the U.S. economy is strong. Treasuries are still not attractive because the Fed will raise rates on March 28 and maybe again in May.

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